Topic: $30000 is becoming the resistant price (Read 1144 times)

I do agree that it was a period where it took a while for people to realize things are not that easy and we need to end up with something that would be a bit different. I get that it may not be that great but it can be done and we need to end up with a solution that would make it a lot better.

I believe that people seeing just a little bit of fall and thinking that it is going to be terrible is the result of people seeing too many crashes recently which made them fear all of the crashes, even if it goes down just 500 dollars, it triggers them and makes them remember the bad old days. We are doing a lot better now and we should be able to actually do a lot better on the long run as well, it should be something that we could see it happening.

Remove the altcoins though, it won't have any significant effect in the price of bitcoin. If there is, then it should be the contrary, bitcoin influences the price of altcoin and not the other way around.

As for the price barrier of $30k, it's round numbers and usually it is really hard to break it. But as soon as we have the momentum, it's just a matter of time that we will breach it again but this time, it could be that we will sustain the run. Patience is the key here.

When bitcoin was at 29k$ for many months and the distance to overcome 30k$ was too easy but in the end it could not overcome and fell to 26k$. So, just because bitcoin is up 3% in the last few days and you believe that bitcoin will soon reach $30k is quite subjective. I don't know what will happen because bitcoin is unpredictable but we should also consider a more bearish case for bitcoin instead of just hoping for a bullish scenario. Even though the halving is getting closer to us every day, let's not forget that bear season is not over yet and the bears are still going strong.

Yes, that's because most of them always analyze the development of bitcoin itself, and regarding the price of bitcoin which yesterday touched the price of $ 25k, to be honest I have my own analysis that it is the third lowest support in 2023, I bought some there because I was very confident in my analysis that bitcoin would go back up, and sure enough it was in accordance with predictions, and now as we see that bitcoin is almost finished in its correction phase and that means most likely the price will go back up.

To be honest, I also told some of my colleagues who are also active in bitcoin investment that yesterday was the right price to buy more, because as I said above, there bitcoin has touched the support point that occurred a few months ago, so this can really be used as a reference that the latest support has been indicated and now is the time for prices to reversal. Obviously, for those who have full patience in their investment plans and are always firm with whatever they have prepared then maybe they will always be able to take advantage of any opportunities that come. According to my prediction, the highest resistance point this year is around the $32k - $35k area before the halving period occurs.

Those who believe in Bitcoin can definitely see that bullish movement of Bitcoin. When Bitcoin dropped below 26k a few days ago some expected a further dip but since then Bitcoin has started to trend upwards again. Bitcoin is one of the most desirable coins in the world, so temporary price drops should be expected without getting upset. Those who wait patiently could soon see Bitcoin hit $30k, and investors are getting excited as the halving approaches. Within 24 hours the price of Bitcoin has increased by 3 percent and we can see the price of Bitcoin at 30k dollars soon.

It seems like you still really like monitoring altcoins amidst current market conditions, but that doesn't matter as long as you are still happy enough to watch altcoins while monitoring Bitcoin. Because today Bitcoin has started to be at a price of more than $27K and I still hope that the price does not stop there so that Bitcoin can return to close to $30K in the near future. I think it's still much better to monitor Bitcoin and ignore all the altcoins on the market for the time being.

Your prediction was true as you have mentioned that price will go more down so yeah it was down but now steadily it recovers back like that was 25k$ but now it is above 26k$.

Despite if its dumping price it is still consider as a worthy coin and if such dump was occur in other Coin's price then surely everyone will be in favor of selling it but as bitcoin revealed high potential of profitability so everyone will keep bitcoin with patience.

This gradual increase will turn the price back to 30k$ or more than this because people don't loss their trust in bitcoin and continuously putting money into it.

There are a lot of unknowns emerging and it's a good idea to keep updating and monitoring the market like you said and If I look at the OP's post it is already 2 months and 2 days old from the date of the post and it is true that the BTC price in July 2023 is at the highest price of $31,850. and currently BTC is still unable to penetrate this figure where the price is currently running at $26,528 and what is happening at the moment is that many altcoins are rising slowly.

Yeah, that's why the $30k barrier is very important to break as it could start a short term rally up to the end of this year and maybe we can at least break it and goes to $35k. That price could be good for the start of next year and prior to the bitcoin halving.

Gonna be a waiting game for now, if we did break then good for us, at least the bulls still have some control of the market from the bears although we are still in the bear market.

Yeah this was pretty sad for me cause I saw opportunity when price first dropped under 30k dollars. I bought some Bitcoin around 29k dollar levels. But I quickly regretted when bears literally started to dominate markets. This shows how quick market sentiment can turn us away from our suggestions. I believe 30000 is more like threshold to pass to start some kind of short term bull run now to 32k first and 38k later on. Literally.

We are almost at the end of second week already, so I doubt that it will fall to $20,000. The lowest that we got for this month is around $25,000, so that is good enough for us.
And with that, it seems that we are going to trade sideways again, so for others it might look good as we can still accumulate way below $30,000.
I know that $30,000 is now the biggest barrier, but I do think that we are going to break around that price eventually.
But before we can do that, we should take advantage, and as you have said, this is still a buying opportunity to us, before the price suddenly goes on a massive run next year.

Nobody is actually talking or remembering the $30k price range that got Bitcoin stagnant at that price for long before it started moving downwards to its present price of $25k-$27k. Some of us have forgotten that price, only focusing on accumulating additional bitcoin at a discount price.

Currently, it seems like the $30k price tag is very difficult for bitcoin to skyrocket to before the end of the year. Although it might be possible it does, not quite certain about that because of how bearish the market tends to be in September.

Having said that, Bitcoin is currently on the verge of going below $25k. It trading at the price of $25,053. Let's see whether it will fall to the $24k price below

We can see now that bitcoin is at $25,700 and is experiencing a sideways phase and see that it is approaching the support area in June yesterday, it has almost touched. While June was the second lowest support since the beginning of 2023, so we can conclude that now is the right time to buy more, but honestly I will not be too pushy for you to spend all the money on bitcoin because what I see is that there is no indication of a definite reversal (back up) there because the situation is still sideways a bit difficult to read. So buy with money that will not be used for other needs so that you remain calm if something significant happens, especially bearish. I agree, to go down to $20k in my opinion is impossible, because as I mentioned above this is the second lowest support this year and there must really be something that affects it if the price wants to drop to $20k, I have seen from history since the beginning of this year that bullish still dominates with stable zigzag movements. Honestly I will buy more now and I think early October could be around $29k.

Well, that's true, but there may be some of them who then immediately sell it for fear of the price dropping again. But yes it's true as you said, it's a good opportunity to collect more, as I said above that the price has been in the lowest support area for the last few months and that means it's a good time. Honestly, I'm very confident that October will be dominated by bullish at least up to $30k.

Totally agree, because I also don't think that the price of $20K will happen this month or next month for Bitcoin even though there are experts who say that this month Bitcoin will still have difficulty experiencing an increase in market prices. However, I also don't think that the price of Bitcoin itself will immediately fall to $20K, because the rate of price decline tends to be slow and happens slowly. So it can be concluded that this is also based on the existence of support for price resistance at $25K before prices continue to higher levels again on Bitcoin.

That's true and I also agree that the advice is to avoid selling because there is a feeling of panic in the bullish season. Other than that, for now it's also still a very good buy opportunity for everyone before seeing a strong start to the month ahead. Because I also think that next month there will be a more likely increase in prices than a decrease in prices, although it is not impossible for both of these things to happen.

In general, it is said that the price of Bitcoin falls in September, so there may be new buying opportunities. I want September to be good. They say the price will fall to 20k, but I don't think it will. There are two possibilities. If the price falls to 20k, it will be a buying opportunity. If the price continues at this level, we will have a good start to October.

Avoid panic selling when the bull season approaches. There are a lot of people or institutions that want to buy Bitcoin cheaply before the bull season and it can affect the market a bit.

Waiting for the next bull market are people who have previously bought even though it is still quite good if they want to continue buying again now. Because the price of $25K or a little more than that is a fairly low price before the next bullish occurs, especially if the market sentiment this month will indeed be more likely to stay in that price range than excessive correction. Apart from that, there is also speculation that next month there will be a possibility of another correction, but I think more that next month there will be another increase on a repeated basis which is likely to return close to $30K.

It is not yet seen that there will be an improvement in movement, even though it has been holding around $30K for a long time. In the end, you have to accept the fact that there is a correction so that it reaches $25K, and of course, this is beyond expectations. But indeed, analysts say that September will remain red and there will be no changes that lead to improvement.Even though this will be a correction until October and the possibility of reaching $20K is not impossible, this is good news for those who will buy and will get a good price. Just hold on until the next bull market.

We saw the Bitcoin market hover around $30,000 last week.  But that was along with the price resistance but we have seen the bitcoin market fall badly over the past few days. The Bitcoin market has been experiencing a major bear market since it fell below around $25,000. Right now the Bitcoin market is not doing very well as we have seen the Bitcoin market when it was around $30k and it was predicted to go back to $35k. But the current position in the Bitcoin market is now forecasting to reach $30,000 but how long it will take is uncertain. As the market is moving lower right now and the bear market seems to have more power than the bull market, it is not certain whether the Bitcoin market will go down or up.

This is just another bump for us this month. We are still in the $25k right now, I thought that after everything has settled down, we should be at least gaining some grounds and could be just above $26k.

But don't think that we won't be recovering, it might take some time but this is just another perfect opportunity to accumulate.

And just let this this decline pass by in the next month or so.

The coming months we should be all looking at is by next year not this particular year because it seems like bitcoin won't go above the expected price of $35k before the end of the year. Even if bitcoin crosses that amount, many investors won't bother to sell their Bitcoin as their case may be. They will still be waiting for the bitcoin bull run to happen by next year or two upper years(2025).

So let this August keeps being a bad sign as long as it doesn't stop someone to invest with the amount they can afford to lose without a problem